Question: Based on the monthly demand for a product given in the following table, forecast the demand for January 23 by using the naive approach,

Based on the monthly demand for a product given in the following

Based on the monthly demand for a product given in the following table, forecast the demand for January 23 by using the naive approach, 2- and 3-month moving averages. Month Demand July 22 117 August 22 September 22 October 22 November 22 December 22 87 102 106 105 81 naive approach: 2-month moving average: 3-month moving average: 00

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